Ding, Yuanyao; Jia, Rangcheng; Tang, Shaoxiang - In: Mathematical Methods of Operations Research 58 (2003) 1, pp. 149-157
Dynamic principal agent models are formulated based on constrained Markov decision process (CMDP), in which conditions are given that the state space of the system is countable and the agent chooses his actions from a countable action set. If the principal has finite alternative contracts to...
